Bitcoin rose above the 7 000 level on Monday April 2 after falling 25 percent last week CNBC reported Bitcoin was trading at 7 01696 as of 6 47 pm according to CoinDesk And those who visit a city in Russia hosting some World Cup matches can pay for their hotel rooms in crypto CCN reported According to a Russian website called Buying Business Travel Apartments Malina is working with an online payment platform called Free-Kassa to enable the crypto payments in the city of Kaliningrad In South Korea the mayor of Seoul said the city is working on its crypto dubbed S-Coin which would be used for social benefit programs CoinDesk reported The coin could potentially be used for the citys welfare programs or as a reward to citizens for their eco-friendly efforts And in investing news Menlo Ventures is joining a 40 million funding round for Bitpay Recode reported That investment marks a first for the firm which is making its first leap into blockchain technology Bitpay allows merchants to accept and keep bitcoin from customers In other news Google is doing away with crypto mining extensions in Chrome Engadget reported The tech company stopped accepting those extensions on Monday April 2 and plans to remove those already in its store toward the end of June An expert in bitcoin stated that bitcoin is not in fact a bubble Business Insider reported To the people who say bitcoins a bubble I would say bitcoin is the pin thats going to pop the bubble said Jon Matonis co-founder of the Bitcoin Foundation The bubble is the insane bond markets and the fake equity markets that are propped up by the central banks In other news 14 people from 13 companies were arrested for allegedly illegal use of subsidized electricity to mine crypto in South Korea CoinDesk reported The mining took place in four different complexes in the city of Gwangju You Might Also Like bitcoin Bitpay Blockchain Crypto Mining cryptocurrency News Russia south korea Whats Hot